Supreme Court rules on mutuality principles for club services under Finance Act, 1994; sets aside service tax demand.

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....Club and association service - principles of mutuality - The Hon'ble Supreme Court has considered the provisions of the Finance Act, 1994, as it stood prior to and after passing of the Finance Act, 2005 and after 2012 after the advent of negative list with the introduction of the definition of “service” in section 65B (44) of the Finance Act, 1994 vide Finance Act, 2012 w.e.f. 01.07.2012 - In view of that demand set aside.....